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Frank is an option speculator who buys a call option on Danish Kroner with an exercise price of $0.18 and a premium of $0.02. The
Frank is an option speculator who buys a call option on Danish Kroner with an exercise price of $0.18 and a premium of $0.02. The spot price of the Danish Kroner at the options maturity turns out to be $0.17. What is Frank's profit or loss per unit of the currency?
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